Blackstone Unveils New Asian Event-Driven Strategy

May 13 2008 | 10:38am ET

The Blackstone Group is adding to its Asian hedge fund lineup, led by new hires from SAC Capital Advisors and Banc of America Securities.

Blackstone Altius Advisors, based in Hong Kong, will run a new event-driven strategy. It is led by Aaron Nieman, most recently managing director at SAC’s Canvas Capital Management. He will be backed by Christopher Pesce, who left his post as global head of prime brokerage at BofA last year, as chief operating officer.

“Aaron has a superb history of developing teams and investing in Asia,” Blackstone co-founder Stephen Schwartman said. “He will add greater depth and intellectual capital to Blackstone’s wide range of alternative investment businesses, and we are delighted that he has chosen to join us.”

“As Blackstone continues to aggressively seek opportunities within Asia, Aaron and his team will provide additional investment capability that will bolster our presence in the region,” Antony Leung, chairman of Blackstone Greater China, added.

In addition to its Hong Kong team, Altius will boast professionals in New York, Tokyo and Mumbai, India.

The new strategy will operate alongside Blackstone’s existing alternative investments in Asia, including a private equity fund, fund of hedge funds business and real estate fund.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…